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This book analyzes the following four distinct, although not dissimilar, areas of social choice theory and welfare economics: nonstrategic choice, Harsanyi's aggregation theorems, distributional ethics and strategic choice. While for aggregation of individual ranking of social states, whether the persons behave strategically or non-strategically, the decision making takes place under complete certainty; in the Harsanyi framework uncertainty has a significant role in the decision making process. Another ingenious characteristic of the book is the discussion of ethical approaches to evaluation of inequality arising from unequal distributions of achievements in the different dimensions of human well-being. Given its wide coverage, combined with newly added materials, end-chapter problems and bibliographical notes, the book will be helpful material for students and researchers interested in this frontline area research. Its lucid exposition, along with non-technical and graphical illustration of the concepts, use of numerical examples, makes the book a useful text.

Social choice. --- Welfare economics. --- Economic policy --- Economics --- Social policy --- Choice, Social --- Collective choice --- Public choice --- Choice (Psychology) --- Social psychology --- Welfare economics

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The study of inequality, polarization and poverty is crucial for understanding the economic well-being of the population of a country. Conceptual and methodological advances and better data have provided better insights into these issues in recent years, and it is the objective of the book to present a systematic and up-to-date treatment of the developments in the subject. Both welfare theoretic and descriptive approaches are discussed and, since the wellbeing of a population depends on income and non-income indicators, both unidimensional and multidimensional frameworks are taken into consideration. The technical terms and mathematical operations employed to analyze the results are explained intuitively in non-technical terms, and numerical analyses and graphical representations help to illustrate important concepts.

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The distribution of wealth and income is never uniform, and philosophers and economists have tried for years to understand the reasons and formulate remedies for such inequalities. This book introduces the elegant and intriguing kinetic exchange models that physicists have developed to tackle these issues. This is the first monograph in econophysics focussed on the analyses and modelling of these distributions, and is ideal for physicists and economists. It is written in simple, lucid language, with plenty of illustrations and in-depth analyses, making it suitable for researchers new to this field as well as specialized readers. It explores the origin of economic inequality and examines the scientific steps that can be taken to reduce this inequality in the future.

statistiek --- Statistical physics --- economie --- fysica --- Economics --- Income distribution --- Wealth --- Econophysics --- Statistical methods --- Statisical methods --- Physics --- General and Others --- Income distribution. --- Wealth. --- Econophysics. --- Affluence --- Distribution of wealth --- Fortunes --- Riches --- Business --- Finance --- Capital --- Money --- Property --- Well-being --- Distribution of income --- Income inequality --- Inequality of income --- Distribution (Economic theory) --- Disposable income --- Income distribution - Statistical methods --- Wealth - Statisical methods

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The combined efforts of the Physicists and the Economists in recent years in analyzing and modelling various dynamic phenomena in monetary and social systems have led to encouraging developments, generally classified under the title of Econophysics. These developments share a common ambition with the already established field of Quantitative Economics. This volume intends to offer the reader a glimpse of these two parallel initiatives by collecting review papers written by well-known experts in the respective research frontiers in one cover. This massive book presents a unique combination of research papers contributed almost equally by Physicists and Economists. Additional contributions from Computer Scientists and Mathematicians are also included in this volume. The book consists of two parts: the first part concentrates on Econophysics problems and the second part stresses on various quantitative issues in Economics. Both parts specialize on frontier problems in Games and Social Choices.

Quantitative methods (economics) --- Economics --- Operational research. Game theory --- Discrete mathematics --- Mathematical statistics --- Mathematics --- Classical mechanics. Field theory --- Statistical physics --- Business management --- Recreation. Games. Sports. Corp. expression --- grafentheorie --- economie --- management --- statistiek --- spellen --- speltheorie --- econometrie --- fysica --- dynamica